FAST NEWS
A better nickel price has seen Indonesia's largest nickel miner substantially increase H1 revenues and profits. PT International Nickel Indonesia (INCO.JK: Quote ), Indonesia's biggest nickel producer, reported on Friday first half 2010 net profit rose sixfold due to higher sales.
IRON AND STEEL
Vale reports a 146% jump in net earnings for the first half of this year, along with near-record iron ore production.
Noranda Income Fund Reports Second Quarter Net Earnings of $8.5 Million
VALLEYFIELD, QUEBEC--(Marketwire - July 29, 2010) - Noranda Income Fund (the "Fund") (TSX:NIF.UN) reported net earnings of $8.5 million for the second quarter of 2010, compared to a net loss of $0.7 million in the same quarter a year ago. "We've had a good quarter with net earnings of $8.5 million. Production was on target, and strong sales reduced the Fund's finished inventories. Sulphuric acid ...
Royal Nickel plans IPO: report
Royal Nickel Corp, an exploration company led by the former heads of Inco Ltd, is looking for investors and planning an initial public offering of up to C$100-million to help build the C$1.5 billion Dumont nickel mine in Quebec, according to a report in the Globe and Mail.
The Inco men are back
Royal Nickel Corp. is preparing for an IPO of up to $100-million to build the Dumont mine in Quebec
